Telephone & Data Systems, Inc. (TDS) CEO Sells $1,334,800.00 in Stock

Telephone & Data Systems, Inc. (NYSE:TDS) CEO James W. Butman sold 37,600 shares of Telephone & Data Systems stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $35.50, for a total transaction of $1,334,800.00. Following the sale, the chief executive officer now owns 33,380 shares of the company’s stock, valued at approximately $1,184,990. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of NYSE:TDS traded up $0.11 during trading hours on Friday, hitting $35.35. The company’s stock had a trading volume of 991,100 shares, compared to its average volume of 708,884. Telephone & Data Systems, Inc. has a 52 week low of $23.54 and a 52 week high of $35.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.75 and a current ratio of 2.80. The firm has a market cap of $3.83 billion, a P/E ratio of 66.70 and a beta of 0.70.

Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.25 by $0.16. Telephone & Data Systems had a net margin of 7.96% and a return on equity of 2.43%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $0.08 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts predict that Telephone & Data Systems, Inc. will post 1.1 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Telephone & Data Systems by 1.5% in the 3rd quarter. BlackRock Inc. now owns 17,222,208 shares of the Wireless communications provider’s stock valued at $524,073,000 after purchasing an additional 260,949 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Telephone & Data Systems by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,091,599 shares of the Wireless communications provider’s stock valued at $221,871,000 after purchasing an additional 210,068 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Telephone & Data Systems by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,308,508 shares of the Wireless communications provider’s stock valued at $90,719,000 after purchasing an additional 57,416 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Telephone & Data Systems by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,476,148 shares of the Wireless communications provider’s stock valued at $44,918,000 after purchasing an additional 15,937 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Telephone & Data Systems by 12.6% in the 2nd quarter. Northern Trust Corp now owns 1,382,258 shares of the Wireless communications provider’s stock valued at $37,901,000 after purchasing an additional 154,175 shares in the last quarter. Institutional investors and hedge funds own 81.70% of the company’s stock.

A number of brokerages recently weighed in on TDS. Raymond James lifted their price objective on shares of Telephone & Data Systems from $31.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday. B. Riley set a $42.00 price objective on shares of Telephone & Data Systems and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, October 10th. ValuEngine upgraded shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Finally, Citigroup lifted their price objective on shares of Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Telephone & Data Systems presently has a consensus rating of “Buy” and an average target price of $37.20.

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Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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